BYOB Book Review Part 5 | Creating a Bank in Becoming Your Own Banker by Nelson Nash
The Wealth Without Wall Street Podcast
The Dodd-Frank Act
The first National Bank of Milan, Texas at the time, was the nation's largest bank. The losses on that bank were larger than the FDIC's total reserve balance. So how in the world did they make it through if just one bank alone had more losses than their reserve balance? Somebody had to get bailed out. Who did that? Bailin didn't. Those people who go to work every day, make some money, builds things and pays for things, turns around and build out the banks. Don't do it to them.
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